Wall Street Opens Lower After Jobs Disappointment; Dow Down 120 Pts By Investing.com

0
24
© Reuters.

By Geoffrey Smith 

Investing.com — U.S. stock markets opened slightly lower on Friday in response to a hugely disappointing labor market report for August, which showed job creation at its slowest rate in six months. 

The Labor Department said nonfarm payrolls expanded by only 235,000 through the middle of the month, missing consensus forecasts by over half a million. The upward revision of July’s data to show an extra 100,000 jobs gained was scant consolation.

By 9:40 AM ET (1340 GMT), the was down 123 points, or 0.3%, at 35,323 points. The was up 0.2% and the was down 0.1%. The latter two indices are still on course for yet another weekly gain, however.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.